Cathie Wood Doubles Down on Coinbase, Robinhood and Bullish Stocks in Tuesday’s Session

TLDR

• ARK Invest purchased 28,315 Coinbase shares worth $7.5 million on December 2, 2025
• The firm bought 42,434 Bullish shares valued at $1.8 million and 1,951 Robinhood shares worth $245,000
• Coinbase is now ARK’s second-largest holding in ARKK at 5.6% weighting, worth $409.6 million
• ARK sold 181,303 Roku shares worth $17.5 million, marking the second consecutive day of selling
• Tesla remains ARK’s largest ARKK holding with a position valued at $900.2 million

Cathie Wood’s ARK Invest continued adding to its cryptocurrency exchange positions on Tuesday, December 2, 2025. The firm purchased 28,315 shares of Coinbase through its ARK Innovation ETF, valued at approximately $7.5 million.

Coinbase Global, Inc., COIN

This marks the second time in just over a week that ARK has increased its Coinbase stake. On November 26, the firm bought $16.5 million worth of Coinbase shares across three different ETFs. The purchases come as ARK works to rebalance its portfolios to maintain individual holdings below 10% of any fund.

Coinbase currently stands as the second-largest holding in ARKK with a 5.6% weighting. The position is worth $409.6 million. Only Tesla ranks higher, with a position valued at $900.2 million.

The Coinbase stock closed Tuesday at $263.26, rising 1.3% after dropping 7.4% on Monday. In pre-market trading on Wednesday, the stock gained another 4.2%. Despite recent gains, Coinbase shares have fallen 21.7% over the past month.

Year-to-date, Coinbase is up just 2.6%. The stock trades 37% below its summer high. Its current market valuation sits at $49 billion.

ARK Expands Crypto Holdings Beyond Coinbase

ARK also purchased 42,434 shares of Bullish, a crypto trading platform, worth $1.8 million on Tuesday. The stock gained 5% during the trading session. This purchase fits ARK’s strategy of increasing exposure to crypto-related equities during market recoveries.

Bullish, BLSH

The firm added 1,951 shares of Robinhood to its Next Generation Internet ETF (ARKW) for $245,000. Robinhood has experienced volatile trading in recent sessions. ARK monitors these price movements to adjust its fund exposure accordingly.

Bitcoin recovered from Monday’s 7% decline, trading above $91,000 on Tuesday. Ether also rose 7% to reach the $3,000 level. The GMCI 30 index, which tracks top cryptocurrencies, increased 6.2%.

Other crypto-related stocks also gained on Tuesday. Strategy rose 5.8%, and Metaplanet gained 4.6%. BitMine led the group with a 10.3% increase.

ARK Reduces Positions in Roku and Other Holdings

While buying crypto stocks, ARK sold 181,303 shares of Roku through ARKK, worth about $17.5 million. This followed a smaller sale on Monday, marking two consecutive days of selling the streaming-device maker’s stock.

ARK also cut its position in Iridium Communications, selling 234,298 shares across multiple ETFs for approximately $3.85 million. This continues a multi-day pattern of reducing exposure to the satellite-services company.

The firm trimmed its holdings in Ibotta, the cash-back app, by 43,182 shares worth about $1.03 million. These sales reflect ARK’s ongoing portfolio rebalancing efforts.

On the buying side beyond crypto, ARK’s Autonomous Technology & Robotics ETF (ARKQ) purchased 250,089 shares of WeRide, a self-driving car company, worth about $2.13 million. The firm added 21,132 shares of Shopify for approximately $3.15 million. In biotech, ARK picked up 337,495 shares of Recursion Pharmaceuticals for roughly $1.47 million.

ARK Invest makes near-daily changes to its ETF holdings under Cathie Wood’s direction. The firm’s daily trade disclosures show a continued preference for tech and crypto-related stocks during the December 2 trading session.

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